Artisan Partners Asset Management Inc. (APAM) – What Are Researchers Saying About This Stock?

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $35.25.

Several equities research analysts have recently commented on the stock. Evercore set a $34.00 target price on shares of Artisan Partners Asset Management in a research report on Friday. The Goldman Sachs Group dropped their price objective on shares of Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating on the stock in a research note on Friday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Tuesday, September 29th. Zacks Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Finally, TD Cowen reduced their price objective on shares of Artisan Partners Asset Management from $37.00 to $33.00 and set a “hold” rating for the company in a research note on Monday.

Artisan Partners Asset Management Stock Down 2.8%

Shares of NYSE APAM opened at $32.51 on Thursday. The firm’s fifty day moving average is $39.31 and its 200 day moving average is $37.86. Artisan Partners Asset Management has a 52 week low of $31.78 and a 52 week high of $46.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 7.89 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $307.91 million for the quarter, compared to analysts’ expectations of $301.32 million. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 earnings per share. On average, equities research analysts expect that Artisan Partners Asset Management will post 3.86 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.80 dividend. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 9.8%. Artisan Partners Asset Management’s payout ratio is presently 77.67%.

Insider Activity

In other news, EVP Gregory Ramirez sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total transaction of $298,130.00. Following the completion of the transaction, the executive vice president directly owned 109,194 shares of the company’s stock, valued at $4,650,572.46. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in Artisan Partners Asset Management by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,148 shares of the asset manager’s stock worth $114,000 after buying an additional 545 shares during the period. QRG Capital Management Inc. raised its position in Artisan Partners Asset Management by 11.0% during the 2nd quarter. QRG Capital Management Inc. now owns 33,499 shares of the asset manager’s stock valued at $1,157,000 after purchasing an additional 3,319 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of Artisan Partners Asset Management by 73.2% during the 2nd quarter. Engineers Gate Manager LP now owns 14,200 shares of the asset manager’s stock worth $490,000 after buying an additional 6,000 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Artisan Partners Asset Management by 39.8% in the 2nd quarter. Squarepoint Ops LLC now owns 66,967 shares of the asset manager’s stock valued at $2,312,000 after purchasing an additional 19,069 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Artisan Partners Asset Management by 19.4% during the second quarter. Allworth Financial LP now owns 3,691 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management, Inc (NYSE: APAM) is a global investment management firm that provides active investment strategies to institutional investors, financial intermediaries and private clients. The company operates through affiliated investment teams with distinct approaches, investment philosophies and areas of expertise.

Artisan Partners offers a range of equity, fixed-income and alternative investment strategies. Its products and services include separately managed accounts, mutual funds, collective investment trusts and other investment vehicles designed for institutions, wealth managers and individual investors.